Currency

Rapid bitcoin rally cheers crypto market investors, others wary

Bitcoin, which lost three-quarters of its value in 2018, has soared by 24% since Friday and more than doubled in price so far this year. At 1612 GMT it was up 0.8% at 7,874. There was no obvious reason for the sudden rise with the opacity of cryptocurrency markets rendering it virtually impossible to prove or disprove any theories. Some traders said investors moved money to bitcoin, treating it as a safe haven as traditional financial markets stumbled on fears that a worsening Sino-U.S. trade dispute could derail the global economy. But none of the four traders that Reuters spoke to could produce evidence to support that claim….CLICK for complete article

Shocking Stat – Everyone’s a Socialist Until the Practical Reality Hits

The majority of US college students favour socialism over capitalism but wait til you hear what they say when it comes to sharing their grades with other students.

Complete Show – Feb 16th

Mike talks about the shocking and unworkable details of the Democrats’ Green New Deal while heavyweight investment managers provides a fascinating view of what’s next for the investment markets. Plus in the quote of the week, self described socialist, Senator Bernie Saunders boasts about fringe and radical going mainstream. No kidding.

U.S. Airlines Are Flying High After 10th Straight Year Of Profitability

Domestic airlines weren’t exempt from the rout that hit stocks in December, the market’s worst month since the Great Recession. Shares of all four major U.S. carriers—American, Delta, United Continental and Southwest—saw double-digit losses. Delta ended December down 17.8 percent, its worst month since October 2009, when it gave back 20.3 percent….CLICK for complete article

Early Nominee for Fake News Story of the Year

It’s not just that the media was so wrong on the coverage of the Covington Catholic High School incident – the bigger problem is the knee jerk violent response from well known celebrities and news people.

Netflix Receives Its First Best Picture Oscar Nomination For ‘Roma’

Netflix is no stranger to Academy Award nominations, but the film — which follows the life of a live-in housekeeper to a middle-class family in Mexico — is the company’s first chance at bringing home the top prize. Netflix is up against a strong competitor in “Black Panther,” which was the highest grossing film in North America in 2018 with more than $700 million in ticket sales….CLICK for complete article